I don't care what Lott said or what Clinton does. Blacks will not elect another president. Ever. Hispanics will decide many races, but not blacks, as their numbers and political flexibility continues to plummet.
After the election, I read that one reason that the Democrats lost some key races was because the black vote, being uninspired and thinking they were being taken for granted, stayed home more than usual and the Dems thus didn't get their usual high numbers there. I don't know if that analysis has held up, though.